IL&FS Engg Services bags INR 300 Crore Kolkata Metro project

Company to build Elevated Metro Stations in Kolkata as part of the Award of the Contract on IL&FS

ILFS IndiaGurgaon (GGN): Infrastructure firm IL&FS Engineering and Construction today said it has won a Rs 300- crore contract for elevated metro stations in Kolkata Metro Line in West Bengal by Rail Vikas Nigam Ltd (RVNL).

“IL&FS Engineering and Construction company has been awarded a contract by RVNL, Kolkata for a value of Rs 299.76 crore towards construction of seven elevated metro stations from sub CBD-1 to Titumir in New Garia-Airport Metro Corridor of Kolkata Metro Line in state of West Bengal,” the company said in a BSE filing.

The project has to be completed in three years from the date of issue of letter of acceptance.

The company is already executing two railway contracts for RVNL worth more than Rs 500 crore – one involving construction of a new broad gauge railway line in Kadapa and Nellore districts of Andhra Pradesh.

It said it is executing the other project in Maharashtra which involves doubling of Bhigwan-Mohol section part of Daund-Gulbarga doubling in Solapur district.

The engineering company said it is also executing Rapid Metro Project Phase II in Gurgaon involving construction of 6.7 km of elevated viaduct, and five elevated stations worth approx. Rs.350 Crore value.  Earlier, IL&FS Engineering Services successfully executed the phase I contract worth Rs. 259.30 crore that involved construction of single and double track elevated viaduct including six station buildings. 

Earlier the company has executed Rapid Metro’s phase I contract worth Rs 259 crore that involved construction of single and double track elevated viaduct, including six station buildings.

Shares of the company closed at Rs 39.80 apiece, up 5.99% from the previous close on the BSE today.